BlastGard International Reports Second Quarter 2008 Results
CLEARWATER FL, August 14, 2008 - BlastGard International (OTCBB; BLGA) reported financial results for the quarter ended June 30, 2008. Revenues for the second quarter were $8,324 compared to $11,320 reported in the second quarter of 2007. For the second quarter of 2008, BlastGard International reported a net loss of $387,717 or $(0.01) per share based on the weighted average of 40,013,544 shares outstanding compared to a net loss of $1,321,743 or $(0.04) per share reported in the second quarter of 2007 based on the weighted average shares outstanding of 33,844,970.
About BlastGard International, Inc.
BlastGard International, Inc. creates designs, develops, manufactures
and markets proprietary blast mitigation materials. The Company's
patent-pending BlastWrap® technology effectively mitigates blast
effects and suppresses post-blast fires. This unique technology is
being used to create new, finished products or to retrofit to existing
products. BlastWrap® is a market leading product from which blast
protection solutions are built to save lives and reduce damage to
valuable assets from explosions. Additional information on BlastGard
can be found at http://www.blastgardintl.com.
"Safe
Harbor" statement under the Private Securities Litigation Reform Act of
1995: Except for historical information, all of the statements,
expectations and assumptions contained in the foregoing are
forward-looking statements that involve a number of risks and
uncertainties. It is possible that the assumptions made by management
are not necessarily the most likely and may not materialize. In
addition, other important factors that could cause actual results to
differ materially include the following: the Company's ability to
market its products; the Company's ability to obtain additional
funding; the Company's ability to obtain regulatory approvals on new
products, the general economy; competitive factors; ability to attract
and retain personnel; the price of the Company's stock; and other risk
factors. The Company takes no obligation to update or correct
forward-looking statements.
Company Contact:
BlastGard International, Inc.
Michael J. Gordon
(727) 592-9400 |
|